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$900M Pipeline Wins Backing (Russia - Greece)

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bemildred Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-04-06 08:16 PM
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$900M Pipeline Wins Backing (Russia - Greece)
Edited on Mon Sep-04-06 08:16 PM by bemildred
President Vladimir Putin won agreement from Greece and Bulgaria on Monday to push ahead with a long-stalled $900 million pipeline to carry Russian crude from Bulgaria to Greece.

Following talks in Athens with Bulgarian President Georgy Parvanov, Putin and Greek Prime Minister Costas Karamanlis told reporters that a final deal on the 280-kilometer pipeline linking the Black Sea with the Aegean would be signed by the three countries by the end of this year.

Oil could start flowing by 2009.

The pipeline would show Russia to be a proactive and reliable energy supplier, and benefit Europe as a whole, Putin said in a briefing before the talks.

Moscow Times
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